Examples of Operating Agreement Amendment in a sentence
THE CONSEQUENCES OF NOT USING THIS DOCUMENT An LLC Operating Agreement Amendment is essential to reflect the current operations of the company, as well as the responsibilities and ownership shares of the business members.
In the event that the Operating Agreement Amendment Proposal is not approved at such annual meeting (or earlier meeting), SLM BankCo shall use its reasonable best efforts to obtain the approval of the Operating Agreement Amendment Proposal at each subsequent annual or special meeting of common stockholders of SLM BankCo until such approval is obtained.
To the extent Lender’s consent is required for Preferred Equity Investor to enter into the Pool II Holdco Operating Agreement Amendment pursuant to any Loan Document, including, without limitation, Section 7(b) of the Recognition Agreement, Preferred Equity Investor shall be a third-party beneficiary of this Agreement and may rely on Section 5 hereof as evidence of such consent.
Borrower shall deliver to Lender, within three (3) days of Borrower’s or any of its Affiliates’ receipt thereof, (a) the fully executed Pool II Holdco Operating Agreement Amendment, (b) the fully executed Pool I Holdco Operating Agreement Amendment, and (c) a copy of the Pool I Servicer Consent.
Pursuant to Section 12.3 of the Loan Agreement, Lender hereby consents to the execution of the Pool II Holdco Operating Agreement Amendment and the Pool I Holdco Operating Agreement Amendment.